Small Activist Suffers 60% Drop on Puerto Rican Bank

A small activist investor fond of citing pop songs in its filings has found itself on the wrong side of a Puerto Rico bank’s stumble. Thursday, after market close, Attiva Capital announced a 5.03% stake in Puerto Rico’s Doral Financial Corp. Within hours, the bank had its own bit of news that would send its stock plummeting 61% Friday.

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